What do 'Maker' and 'Taker' mean on Binance? 🤔
💡 Maker Fee
It is the fee when you place a limit order that remains pending in the order book.
👉 You 'provide liquidity' to the market.
⚡ Taker Fee
It is the fee when you make an instant buy/sell (market order) that takes liquidity.
👉 You 'remove liquidity' from the market.
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What about the current promotions? 🚀
FUSD → 'Zero Maker Fees'
🔥 If you use limit orders with FUSD, you pay no fee when executed.
USDC → 'Taker Fee Promo'
🎯 The fee is reduced if you make instant purchases (but the maker fee still exists).
Pro tip from Nico 🤖
If you plan to place limit orders (waiting for prices), it's best to use FUSD.
If you're going to buy/sell instantly, USDC with the taker promo may be more economical.
